SSE plc (OTCMKTS:SSEZY) Sees Large Decrease in Short Interest

SSE plc (OTCMKTS:SSEZY) was the recipient of a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 900 shares, a drop of 71.0% from the October 31st total of 3,100 shares. Based on an average daily volume of 167,000 shares, the short-interest ratio is presently 0.0 days.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Barclays raised shares of SSE to a “strong-buy” rating in a research report on Monday, September 30th. Deutsche Bank Aktiengesellschaft started coverage on SSE in a research report on Wednesday, October 2nd. They issued a “hold” rating on the stock. Finally, Citigroup cut SSE from a “hold” rating to a “strong sell” rating in a report on Friday, October 25th.

SSE Stock Performance

Shares of SSE stock traded up $0.34 on Wednesday, reaching $22.08. The company had a trading volume of 79,308 shares, compared to its average volume of 89,569. The firm’s 50 day moving average price is $23.77 and its two-hundred day moving average price is $24.03. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.10 and a quick ratio of 1.03. SSE has a 52-week low of $19.63 and a 52-week high of $27.01.

SSE Company Profile

SSE plc engages in the generation, transmission, distribution, and supply of electricity. It generates electricity from water, gas, coal, oil, and multi fuel. The company distributes electricity to approximately 3.8 million homes and businesses across the north of the central belt of Scotland and central southern England; and owns, operates, and develops high voltage electricity transmission system in the north of Scotland and remote islands.